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Wechat/Alipay changes starting 3-1-2-2022

livinginchina (168 posts) • 0

Starting 3.1.2022 there are changes to who can use Wechat/Alipay to scan to pay. Don't have a clear picture of what the details are. My understanding is that 'personal vendors' (street vendors) will not be able to allow you to scan the QR code and pay. Businesses such as stores/supermarkets, restaurants, etc. can (I think). Anyone care to add more details. It's all over on Dou Yin and the news.

Xiefei (539 posts) • 0

Here's an article on it from People.cn: finance.people.com.cn/n1/2021/1126/c1004-32292994.html

It doesn't help to actually clear everything up. It seems there will be some changes coming to Wechat and Alipay payment codes, directed at individuals using their own accounts for business (merchants, bike parking attendants, etc). It looks like the big change will be the end of static payment codes for individual users.

The article stresses there will be measures to allow legitimate individual businesses to continue taking payments, but I bet that will require a bunch of tax documentation and stuff that your average street vendor will have trouble providing.

livinginchina (168 posts) • 0

Doesn't it feel that China is doing everything to 'tank' their economy more and more?
The migrant workers and street vendors have a hard time making ends meet and this will probably be one more hurdle they will have to contend with. I guess they will go back to using cash if the new 'idea' makes it too difficult for them to do business. It's still 4 months away. Let's see what other changes comes before this kicks in.

livinginchina (168 posts) • 0

Translation of the link.
Will Alipay and WeChat Pay personal collection codes be banned for commercial use? The truth is here
November 26, 2021 14:44 | Source: People's Daily Online
Small size

People's Daily Online, Beijing, November 26 (Reporter Luo Zhizhi) Today, a news that "Alipay and WeChat Pay personal collection codes will be banned for commercial use from March 1 next year" attracted attention. The reporter learned that this news originated from the "Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Services" (hereinafter referred to as the "Notice") issued by the People's Bank of China on October 13. In fact, the "Notice" clarified that it is necessary to refer to the management of special merchants for personal payment collection barcode users with obvious business characteristics and require payment collection barcodes for such individual users.

The payment acceptance terminal involves the reading and collection of payment information and the generation of payment instructions, and its security and compliance are of great significance to guarantee the security of payment information and funds. In order to effectively improve the level of payment acceptance terminals and related business risk management, effectively cut off the "funding chain" of cross-border gambling and other crimes, and protect the interests of the public, the People's Bank of China formulated the "Notice", which will be implemented on March 1, 2022.

The "Notice" pointed out that in recent years, personal payment barcodes have been widely used, which effectively meets the individualized and diversified payment needs of the public, and improves the efficiency of fund receipt and payment in the small and micro economy and the market economy. But at the same time, there are also some hidden risks in personal payment barcodes.

For example, some institutions use personal payment barcode transfer services to handle a large number of production, operation, and consumption transactions, which not only confuses the nature of transactions, causes distortion of transaction information, affects the effect of risk monitoring, and is not conducive to the use of payment services to add value to business activities. There are also some criminals who use the "run sub-platform" to attract a large number of people to use personal static collection barcodes to remotely transfer gambling funds with gamblers "point-to-point" online with high profits, hiding the gambling funds split in many normal transaction scenarios. Disrupted the normal order of the barcode payment business and affected the effectiveness of the traceability mechanism of the "fund chain" involved in gambling.

Talking about how the "Notice" regulates personal payment barcodes, the person in charge of the relevant department of the People's Bank of China stated that in order to better utilize the inclusiveness and convenience of payment barcodes while preventing risks, the "Notice" puts forward the following targeted requirements. One is to refer to the management of special merchants for personal payment barcode users with obvious business characteristics, and require payment barcodes for such individual users to be provided to improve the quality of acquiring services for individual operators. Second, it is required that personal static collection barcodes are prohibited in principle from being used for remote non-face-to-face collections, and it is indeed necessary to implement whitelist management. The third is to refer to the relevant requirements of personal static collection barcodes for personal dynamic collection barcodes saved through screenshots, downloads, etc., to prevent criminals from using personal dynamic collection barcodes to circumvent policy requirements. Fourth, it is required to carefully determine the access conditions and scale of the whitelist of personal static collection barcodes, the validity period, the number of uses and transaction limits of the personal static collection barcodes, to prevent the risk of whitelist abuse.

fabey (62 posts) • -1

From Caixin Global piece, in response to how migrant workers and street vendors may be affected:

"... it could be difficult to impose them on street vendors due to their concerns about inconvenience and taxation, industry insiders said."

Normal English writing below discussing the new regulations issued by the Central Bank, not a machine translation:


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